Australia bans Green Energy Fraud!!!…….why is Ontario so “gung ho?”

Unlike Australia who has just banished the massive Wind Turbine Fraud that has basically ruined every economy world-wide with their gargantuan subsidization, Ontario blindly goes beyond the pale by promoting the Green Energy Fraud against all common sense.

How much of OUR Government is being ruled by greedy industrial green investors?……………all of it?

Tony Abbott has made no secret of his eagerness to do away with the most colossal corporate welfare scheme in the history of the Commonwealth (see our posts here and here and here).

And his Treasurer, Joe Hockey has pinned his colours to the mast as someone who can’t stand wind farms – and whose political mission is to bring the “age of entitlement” to an end, which includes the stream of subsidies directed at wind power outfits (see our posts here and here).

The Finance Minister, Mathias Cormann made his disdain for the great wind power fraud known by joining Hockey to prevent the Clean Energy Finance Corporation signing up anymore unsecured loans to wind power outfits (see our post here).

So it comes as no surprise that Abbott, Hockey and Cormann would team up as Natural Born RET Killers. Here’s the Australian Financial Review heralding the beginning of the end for the mandatory RET and, with it, the end of the great Australian wind power fraud.

The federal government is moving towards abolishing the Renewable Energy Target rather than scaling it back in a move that will cost almost $11 billion in proposed investment and which is at odds with the views of its own Environment Minister.

The Australian Financial Review understands Prime Minister Tony Abbott has asked businessman Dick Warburton, whom he handpicked after the election to review the RET, to do more work on the option of terminating the target altogether. This was after Mr Warburton’s review leant towards scaling back the RET.

Sources said Environment Minister Greg Hunt, who advocated scaling back the RET as a compromise, has been sidelined from the process and is understood to be unhappy. They said Mr Abbott, Treasurer Joe Hockey and Finance Minister Mathias Cormann are pushing the issue now.

A government source said when the government announced its decision, possibly before the end of this month, it was now “more likely” the RET will be abolished under a so-called “closed to new entrants scenario” in which existing contracts only would be honoured.

Given Clive Palmer has vowed to block any change to the RET until after the 2016 election, it remains unclear when the government could declare the RET terminated.

Independent modelling commissioned by the Climate Institute and other environmental groups, and which will be released Monday, found that under the termination scenario, coal-fired power generators would reap an extra $25 billion in profits between 2015 and 2030.

There would be no reduction to household power prices and carbon emissions would climb by 15 million tonnes a year on the back of a 9 percent increase in coal-fired power.